By Max Bernhard 
 

Eramet SA (ERA.FR), BASF SE (BAS.XE) and Suez SA (SEV.FR) have partnered to develop a closed-loop recycling process for lithium-ion batteries from electric vehicles, the companies said Wednesday.

The project will receive 4.7 million euros in funding from the European Union and the three partners.

The companies said the automotive sector will be part of an advisory committee without specifying which companies or other entities would represent the auto industry on the committee.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

September 11, 2019 03:59 ET (07:59 GMT)

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